Question

Primary , secondary and tertiary are the three sector of Indian Economy. Explain the role plays by each sector towards the growth and progress of the Economy.

Answer 1

♥primary sector= when we produce a good by exploting natural resources, it is an activity of primary sector ♥ exaple♥= agriculture ,dairy
♥.

Answer 2

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Good Evening
Your Ans
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A clear understanding of Indian Economy can help you in more than one way. As almost every problem has an economic angle, knowledge on the performance of various sectors of Indian Economy gives you always an opportunity to see things in a wider perspective. Having posted many articles on the economics, covering topics like basic concepts, inflation, fiscal policy, monitory policy etc., we now focus on Indian Economy overview. PS: Our next set of articles in this category will cover sub-sectors like Banking, IT, Biotechnology, Agriculture etc in detail.

Sectors of Indian Economy

Three sectors – Primary, Secondary and Tertiary.
Primary = Agriculture related.
Secondary = Industry related.
Tertiary = Service related.
Sector share towards GDP : Tertiary (60%)> Secondary (28%)> Primary(12%).
Sector share by working force : Primary (51%)> Tertiary (27%) > Secondary (22%)>
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Primary activities:-
Primary activities are directly dependent on environment as these refer to utilisation of earth’s resources such as land, water, vegetation, building materials and minerals. It, thus includes, hunting and gathering, pastoral activities, fishing, forestry, agriculture, and mining and quarrying.
People engaged in primary activities are called red-collar workers due to the outdoor nature of their work.
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Secondary activities
Secondary activities add value to natural resources by transforming raw materials into valuable products. Secondary activities, therefore, are concerned with manufacturing, processing and construction (infrastructure) industries.

People engaged in secondary activities are called blue collar workers.

Tertiary activitie

Tertiary activities include both production and exchange. The production involves the ‘provision’ of services that are ‘consumed. Exchange, involves trade, transport and communication facilities that are used to overcome distance.

Tertiary jobs = White collar jobs.

Quaternary activities
Quaternary activities are specialized tertairy activities in the ‘Knowledge Sector’ which demands a separate classification. There has been a very high growth in demand for and consumption of information based services from mutual fund managers to tax consultants, software developers and statisticians. Personnel working in office buildings, elementary schools and university classrooms, hospitals and doctors’ offices, theatres, accounting and brokerage firms all belong to this category of services. Like some of the tertiary functions, quaternary activities can also be outsourced. They are not tied to resources, affected by the environment, or necessarily localised by market.
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I hope it help you
Thanks For
Er. Kiran